Description: CreateTO is a new agency with a new mandate established by the City of Toronto to manage its portfolio of real estate assets. Using a strategic city-wide approach, CreateTO will promote a balance of community and economic benefits to create the opportunities that build a better Toronto.
Toronto City Council has approved 21 City-owned properties for inclusion in the Housing Now Initiative. These properties have the potential for mixed-use, mixed-income development. These properties will offer the opportunity to engage private, Indigenous, and non-profit housing partners to creatively deliver rental and affordable homes within transit accessible neighbourhoods throughout the City.
Through ModernTO, the City plans to reduce its portfolio to 15 locations – primarily by ending leases and creating office hubs within key civic buildings including City Hall, Metro Hall and the Civic Centres in Scarborough, North York, and Etobicoke. This will also unlock eight City-owned properties for city-building purposes, including affordable housing, City services, and other City priorities.
The Leslie Lookout Park will be a new destination in Toronto’s Port Lands located on the Martin Goodman Trail at the entrance to Tommy Thompson Park. The park will include a public beach, distinguished by forested dunes that will create a new multi-use community destination in Toronto’s east end. The centrepiece of Leslie Lookout Park will be a 1.9 acre open space at 12 Leslie Street that will connect the public to the water’s edge with views of the entire length of the Ship Channel. The open space will inc